PURCHASE AN OFFICE BUILDING FOR RS 1,50,000 IN CASH. THE
BUILDING IS VALUED AT RS 1,10,000 AND REMINDER OF THE VALUE
IS ASSIGNED TO LAND.
WHAT WILL BE THE JOURNAL ENTRY
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Answer / syed aqeel ahmed
building A/c Dr 110000
land A/C Dr 40000 To
Cash A/c 150000 Cr
Both are fixed Asset For the Company.
| Is This Answer Correct ? | 19 Yes | 0 No |
Building A/c Dr. 1,10,000
Land A/c Dr. 40,000
To Cash A/c. Cr 1,50,000
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / bhupender singh
BUILDING A\C Dr. 1,10,000
LOSS ON PURCHASE Dr. 40,000
TO CASH 1,50,000
(BEING PURCHASE BUILDING ON CASH)
| Is This Answer Correct ? | 4 Yes | 4 No |
Answer / ajay singh
BUILDING A/C ----DR Rs. 110000
TO CASH Rs. 110000
LAND A/C ---- DR Rs. 40,000
TO SUNDRY CREDITOR Rs. 40,000
| Is This Answer Correct ? | 0 Yes | 4 No |
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